WHAT IS HAPPENING IN THE WORLD OF STOCKS, BANKS
On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021. The exchange called SIX Digital Exchange (SDX) reportedly will also offer bitcoin, alongside the possibility of non-fungible token (NFT) assets like tokenized works of art.
SIX to Launch SDX by the Summer, Bitcoin to be Listed on the SIX Digital Exchange
The exchange SIX based in Zurich is Switzerland’s most popular stock exchange that allows people to trade stock options, derivatives, Swiss government bonds, and other types of securities. Not only has SIX offered exchange-traded products focused on digital currencies like bitcoin (BTC) and ethereum (ETH), the stock exchange is launching a crypto asset exchange called SIX Digital Exchange (SDX) in the near future.
A report written by Finews author Samuel Gerber notes in a recently published report that SDX is planning to launch soon and in addition to securitized crypto assets, the leading cryptocurrency bitcoin (BTC) will also be listed.
Gerber says that SDX is “relying on an ecosystem of partners and SIX investments.” One partnership Gerber mentioned was SDX’s collaboration with the Daura consortium, a project that aims to launch Swiss cryptocurrency shares.
The well known bank that also deals with cryptocurrencies, Sygnum, is also a member of the Daura consortium. During the first week of December 2020, SDX also announced partnering with SBI Digital Asset Holdings. The joint venture between SDX and SBI aims to build a regional liquidity hub for institutional digital assets in Singapore.
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